Earnings Per Share (CenterPoint Energy) (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions, except per share and share amounts)
Numerator:
Income from continuing operations	$	202	$	150	$	923	$	630
Less: Preferred stock dividend requirement (Note 18)	13		23		37		82
Income available to common shareholders from continuing operations - basic and diluted	189		127		886		548
Income available to common shareholders from discontinued operations - basic and diluted	—		68		—		202
Income available to common shareholders - basic and diluted	$	189	$	195	$	886	$	750
Denominator:
Weighted average common shares outstanding - basic	629,509,000		604,607,000		629,374,000		580,819,000
Plus: Incremental shares from assumed conversions:
Restricted stock	3,559,000		4,775,000		3,559,000		4,775,000
Series C Preferred Stock	—		—		—		15,809,000
Weighted average common shares outstanding - diluted	633,068,000		609,382,000		632,933,000		601,403,000
Anti-dilutive Incremental Shares Excluded from Denominator for Diluted Earnings Computation:
Series B Preferred Stock	—		24,179,000		—		31,962,000
Earnings Per Common Share:
Basic earnings per common share - continuing operations	$	0.30	$	0.21	$	1.41	$	0.94
Basic earnings per common share - discontinued operations	—		0.11		—		0.35
Basic Earnings Per Common Share	$	0.30	$	0.32	$	1.41	$	1.29
Diluted earnings per common share - continuing operations	$	0.30	$	0.21	$	1.40	$	0.91
Diluted earnings per common share - discontinued operations	—		0.11		—		0.34
Diluted Earnings Per Common Share	$	0.30	$	0.32	$	1.40	$	1.25